Is Lululemon Stock Too Cheap to Pass Up?
Apparel company Lululemon Athletica (NASDAQ: LULU) recently reported earnings, and they did little to calm investor fears about the business. Disappointing top-line numbers and a troubling forecast have resulted in the stock hitting new lows.
The company has been struggling for a while and has announced a new CEO. A turnaround won't be easy, but if it's successful, the stock could be poised to deliver some fantastic returns for investors who take a chance on the company. While there is some considerable risk with the stock, has it become so cheap that it's worth buying right now?
Image source: Getty Images.
Source Fool.com
Lululemon Athletica Inc. Stock
€99.40
-3.030%
Currently there is a rather positive sentiment for Lululemon Athletica Inc. with 23 Buy predictions and 7 Sell predictions.
With a target price of 207 € there is potential for a 108.25% increase which would mean more than doubling the current price of 99.4 € for Lululemon Athletica Inc..
